연구 요약
연구 요지 (AI)
은행권 계약형 부동산투자신탁의 활성화 방안을 연구했다.
초록
Activate domestic real estate market since IMF and discussion for way that plan reform of real estate industry consisted. Company style REITs induction that is based to Real Estate Investment Company Act is expected to become new paradigm of domestic real estate market with committing combining the management of another business Bank's contract style real estate investment trust goods. Contract style real estate investment trust goods that are sold in domestic until present are adopting Project Financing's form more than REITs of genuine meaning.
Various kinds legal limitation for committing combining the management of another business bank that the reason is administering present contract style real estate investment trust exists and it was because bank could not run a real estate investment business fundamental rules voluntarily because real estate connection professional human strength and experience are lacking on bank. Investors middle path barter of Beneficiary Certificates for investment goods is prohibited and there is problem in investor protection else and because of problem of profitability decline etc. by this heavy tax, it was no charm of investment goods.
Additional, is connoting much problems systematically in current contract style real estate investment trust. Therefore, contract style real estate investment trust A to be activated regularly following prerequisites solves must. First, improvement of connection legislation degree should be premised. Must handle so that can revise Trust Business Law and trust business law enforcement ordinance that become basis of present contract style real estate investment trust and specify particularity about contract style real estate investment trust.
Second, way that can secure liquidity on investor's profit suggestion for investor protection should be readied and method to raise clearance of property operation may have to be readied. Third, REITs is Indirectness investment goods and action of that corporate tax is exempted form taxation about REITs use four for problem saving of this heavy tax that taxes are imposed all about operation profit that the REITs company gets and apportionment profit that investor is apportioned may have to assume. Infra construction of real estate interest world and wholesome real estate investment culture may have to be made up to activate contract style real estate investment trust.
The one of most important reason that contract style real estate investment trust is not activated recently may lift insufficiency of professionalism about financial institution's real estate property use, which handle contract style real estate investment trust justly.
The most suitable means for such problematic magic bullet is using real estate committing company, real estate committing company has special use ability for real estate property on the basis of rich experience that use real estate property of various form and committing package for 10 years whether is introduced in domestic in 1991, and there is advantage of that special equilibrator according to connection statute of real estate committing system is readied. Therefore, is thought that activation of contract style real estate investment trust may be much easier if use this real estate committing company effectively.
Because union of superintendence system does to do an opportunity of market prior occupation greatest equipping clear business process system full text capacity of management and operation method for Bank's money practical use ability and real estate trust company's real estate, foundation preparation that can develop as supplementing mutually with company style REITs in side that offer various investment goods for real estate as quantity axis of real estate investment trust system taking a serious view.
발행 정보
2002. 建國大學校 국내석사 학위논문